Duke Energy is one of the largest US utilities, with subsidiaries in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to more than 8 million customers. Its natural gas utilities serve more than 1.6 million customers.
It is a $90.9B utility company. Revenue grew 6.3% over the last year, it keeps 16¢ of every dollar of sales as profit, and it carries $82.5B of net debt. It trades at 17.3× earnings — near the lowest of its own history.
- Website
- duke-energy.com
- Location
- Charlotte, NC
- Employees
- 26 441
- Sector
- Utilities
- Founded
- 1905
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Health and Moat lag behind.
Valuation65
- P/E vs own history1th pct · 25/25
- FCF yield-4.7% · 0/25
- P/S2.7x · 20/25
- EV/EBITDA11.5x · 20/25
Growth54
- Revenue CAGR6.5% · 12/25
- Net income CAGR6.2% · 12/25
- EPS CAGR ~5Y27.9% · 25/25
- Fwd implied growth5.0% · 5/25
Profitability62
- ROIC5.8% · 5/25
- ROE9.9% · 12/25
- Net margin15.8% · 20/25
- Operating margin27.8% · 25/25
Health15
- Altman Zn/a · 0/25
- Current ratio0.66 · 0/25
- Interest coverage2.6x · 10/25
- Net cash / debtD/A 42% · 5/25
Quality65
- Piotroski F6/9 · 15/25
- Beneish M-2.81 · 25/25
- FCF conversion-81% · 0/25
- Margin stabilityσ 2.9% · 25/25
Moat31
- ROIC >12% years0/8 yrs · 0/25
- Median gross margin38.0% · 13/25
- FCF-positive years1/10 yrs · 0/25
- Worst-year net marginworst 5.8% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$4.97B net income
- 2017MilestoneDuke decided to seek permission from the North Carolina Utility Commission to cancel the project due…
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$22.7B in first reported year
- 2016AcquisitionDuke Energy purchased Piedmont Natural Gas for $4.9 billion to become its wholly owned subsidiary
- Jul 3, 2012AcquisitionDuke Energy merged with Progress Energy Inc with the Duke Energy name retained along with the…
- Jan 3, 2007MilestoneDuke Energy spun off its gas business to form Spectra Energy
- 2006AcquisitionDuke Energy also acquired Chatham, Ontario-based Union Gas
- 1997AcquisitionDuke Power merged with PanEnergy, a natural gas company, in 1997 to form Duke Energy
- 1988AcquisitionNantahala Power & Light Co., which served southwestern North Carolina, was purchased by Duke from Alcoa
- 1905FoundedDuke and his partner James Blaney to invest in the Southern Power Company, founded in 1905
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (46.0%)
Watch-outs
- Negative free cash flow (-$4.3B)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.3% YoY
- Profitable — makes more than it spends$5.25B TTM
- Profit growing — earnings are higher than last year+24.5% YoY
- Generates cash — cash left after running and investing-$4.27B TTM
- Debt under control — could handle its obligationscurrent ratio 0.66
- Established company — not a micro-cap — lower blow-up risk$90.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+5.3% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 10/100
- Pays a dividend — returns cash to shareholdersyield 3.72%
- Valuation not extreme — price not wildly above earningsP/E 17.3
Peer comparisonDuke Energy Corporation vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| DUK this company | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
| ET Energy Transfer LP Common | $70.5B | 13.3 | +33.3% | 4.9% | Strained |
Head-to-head: DUK vs NEE · DUK vs CEG · DUK vs SO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/DUK
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of DUK on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $116.56 · market cap $90.9B.